Columbia University Providing Inaccurate data

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In a statement released on Thursday, the university said it "deeply regrets" submitting the inaccurate data

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They pledged to take "immediate steps" to prevent such errors from happening in the future.

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The inaccurate data included inflated SAT and ACT scores for incoming students, as well as overstated information about the percentage of students receiving financial aid.

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The university said it would be taking a number of steps to prevent future errors. 

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Including hiring an outside firm to review its data-reporting processes and increasing communication between the office responsible for submitting data and the rest of the university.

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"We are committed to ensuring that our data is accurate and transparent.

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We will continue to work hard to regain the trust of our community," the university said in its statement.

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The news comes just a day after the release of the latest college rankings from U.S. News & World Report. 

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In which Columbia University was tied for third place with the University of California, Berkeley.

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It is not yet clear how the inaccurate data will affect Columbia's ranking in future years. U.S. News & World

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The news comes just a day after another Ivy League school, Yale University.

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They announced that it was also investigating possible inaccuracies in the data it had submitted for college rankings.

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